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Biotech park planned

Kaohsiung City's plan to establish a biotech industrial park is in full gear, with construction set to kick off in October and the government already soliciting companies to invest and set up shop in the park, an official said Sunday. Chou Yung-jen, chairman of the promotion committee of the Kaohsiung biotech industrial park, told a forum of the 2002 Taipei International Biotech Fair that Kaohsiung City is planning to build the compound into a biotech industry development platform featuring Chinese herbal medicine, microelectronics and gene therapy as a means of edging into the global biotech market. Chou said that construction of the biotech park will kick off in October and that companies wishing to set up shop there will be able to move in next year. It is estimated that the park will create 1,500 job opportunities and business worth over US$10 billion in four years. With the support of Legislative Speaker Wang Jin-pyng (王金平), Chou said, the planned biotech park is now a national-scale investment project which has attracted NT$7 billion worth of capital from the private sector and NT$3 billion from the Kaohsiung municipal authorities. Kaohsiung City will provide land, loans and tax incentives to investors, while 14 higher-education and medical institutions based in southern Taiwan, including Kaohsiung Medical University, National Sun Yat-sen University and Kaohsiung Chang Gung Memorial Hospital, will cooperate in joint research and development projects, he added.
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